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CEDC puts finishing touch on Hungarian Bols buy |
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Wednesday, 04 October 2006 |
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Central European Distribution Corporation (CEDC) has announced it has acquired an exclusive license of the rights to Bols Vodka in Hungary for approximately USD 1.15 million.
Bols Vodka is the third best selling vodka and the number one selling
premium vodka in Hungary. Net annualised sales of the brand amount to
about USD 805,000. CEDC owns the best selling vodka in Hungary, Royal
Vodka.
“We are pleased that we have obtained the rights for
Bols Vodka in Hungary. The addition of Bols Vodka in Hungary is another
step in achieving our strategy of acquiring well-positioned brands in
Poland and the region," said William Carey, President and CEO of CEDC
in a statement released on 26 September. Last week CEDC also bought
back the rights for Rum Senorita, which has net annual sales of USD 1.2
million for approximately USD 707,000."
CEDC is the largest
vodka producer in Poland and produces the Absolwent, Zubrowka, Bols and
Soplica brands, among others. CEDC currently exports Zubrowka world
wide.
Source: Portfolio.hu
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